Building Automation System Market, by Component (Hardware, Software), by Application (Industrial, Residential, Commercial), by Offerings (Facility Management Systems, Security and Access Controls, Fire Protection Systems, Building Energy Management Software, BAS Services, Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Building Automation System market size was estimated at USD 86.5 billion in 2022 and is projected to reach USD 201.8 billion in 2030 at a CAGR of 11.2% during the forecast period 2023-2030.
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The prominent players in the Building Automation System market are
· Honeywell International (US)
· Siemens AG (Germany)
· Johnson Control (US)
· Schneider Electric (France)
· Carrier (US)
· Robert Bosch (Germany)
· Legrand (France)
· Hubbell (US)
· ABB (Zurich)
· Trane Technologies (Ireland)
· Lutron Electronics (US)
· Creston Electronics (US)
· Hitachi (Japan)
· Delta Controls (Canada)
· Beckhoff Automation (Germany)
· Lennox International (US) and More
Recent Developments
September 2022, Honeywell International has introduced Fire-lite, a set of fire protection systems tailored for small and medium-sized enterprises in Australia. These systems are specifically designed for mid-rise residential buildings, warehouses, and retail spaces. Fire-Lite offers customizable and intelligent addressable fire panels that can adapt to different building needs, providing flexible solutions for various installation scenarios.
In March 2022, Trane Technologies has recently unveiled its strategic initiative to enhance its presence in Greenville county through a significant investment of USD 30 million. This substantial commitment will involve the expansion of their manufacturing facilities by an impressive 300,000 square feet. The primary objective of this expansion is to fortify the company's ability to support and foster its long-term growth trajectory, ensuring its sustainable development in the years to come.
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The proliferation of building automation systems across various settings such as office buildings, shopping malls, and public transportation hubs including train stations and airports is expected to significantly contribute to the expansion of the building automation and control system market. Lighting controls, commercial sectors, and security and access control systems are among the most widely utilized components in residential, corporate, and commercial domains.
With mounting security apprehensions permeating all industries, security and access control systems have become indispensable across multiple industrial sectors. As a result, the increasing demand for efficient HVAC management, energy-efficient lighting control, and an enhanced quality of life is projected to propel the global market for building automation systems.
Building Automation System Market, by Component, by Application, by offerings and region:
Based on component
· Hardware
· Software
Based on the Application
· Industrial
· Residential
· Commercial
Based on the Offerings
· Facility Management Systems
· Security and Access Controls
· Fire Protection Systems
· Building Energy Management Software
· BAS Services
Based on By Industry Vertical
· Residential
· Enterprise
· Industrial
· Hospitality
· Retail
· Others
Based on Technology
· Wired
· Wireless
· ZigBee
· Wifi
· Bluetooth
· Others
Based on End-use
· Residential
· Commercial
· Industrial
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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